The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rackspace Technology Inc shares valued at $33,832 were sold by Marino Mark A. on Jan 27 ’25. At $2.34 per share, Marino Mark A. sold 14,458 shares. The insider’s holdings dropped to 1,915,356 shares worth approximately $5.55 million following the completion of this transaction.
Also, Roberts Anthony C. purchased 19,455 shares, netting a total of over 50,583 in proceeds. Following the buying of shares at $2.60 each, the insider now holds 161,930 shares.
Before that, Koushik Srini had sold 8,028 shares from its account. In a trade valued at $20,391, the President, Technology traded Rackspace Technology Inc shares for $2.54 each. Upon closing the transaction, the insider’s holdings decreased to 8,028 shares, worth approximately $2.95 million.
As published in their initiating research note from UBS on November 07, 2023, Rackspace Technology Inc [RXT] has been a Neutral and the price target has been revised to $1.40. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of July 25, 2023, Citigroup has decreased its “Neutral” rating to a “Sell” for RXT. Earlier on October 11, 2022, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for RXT stock which previously was a “an Outperform”.
Analyzing RXT Stock Performance
During the last five days, there has been a surge of approximately 0.35%. Over the course of the year, Rackspace Technology Inc shares have jumped approximately 31.22%. Shares of the company reached a 52-week high of $3.03 on 02/10/25 and a 52-week low of $2.17 on 01/02/25. A 50-day SMA is recorded $2.51, while a 200-day SMA reached $2.43. Nevertheless, trading volume fell to 0.6 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Rackspace Technology Inc (RXT)
According to the 24-hour chart, there is a support level at 2.86, which, if violated, would cause prices to drop to 2.81. In the upper region, resistance lies at 2.96. The next price resistance is at 3.01. RSI (Relative Strength Index) is 60.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 18.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
